₦airaland Forum

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FARA4GA:
Foodstuff business ...... Buy in large quantities and store. Beans season will soon be here ...buy 10 bags and store ....by early next year, you will sell it almost double the price ...palm oil business and do same.......then wait for egusi season too...

It all depends on your location sha, which will influence how cheap you can get the products to store ...

And you people will later come back and blame Tinubu for the high cost of foodstuffs, right?

Nazgul:
You can set up a business Center in a university or polytechnic environment. It's very lucrative.

All you need are computers, generator, printers, photocopiers...etc. Your 1m budget should be enough.

Interesting. Very practical. Thanks.

Good Luck to Nigerians.

Manjapa:
Please my post is not for your kind.
I am looking for a way to have multiple sources of income!!

He asked you a critical question.

Whatever you did that gave you that one million should be done again with much bigger investment.

You shouldn’t be thinking of diversification with 1m. You should be re-investing since it’s a working plan.

There are variety of business you can start

But before you go ahead

Do you want to invest in am existing business (as a partner) or you want to start your own business

Your response will help in knowing how to help you

You can check us out https://holla.onlinebusinessroom.com/faqs/

Nazgul:
You can set up a business Center in a university or polytechnic environment. It's very lucrative.

All you need are computers, generator, printers, photocopiers...etc. Your 1m budget should be enough.

transportation to the business center would kill him ontime.

Manjapa:
What business can I use my one million naira for please.
Very urgent

Find a good spot on the main road and setup a sharwama buisness

Farming...cassava, maize, banana etc goat rearing too, na dirty job but money dey inside

God forbid.
Please don't go into fish farming.
You will lose your investment.
The industry is not regulated by any agency.
The feeds in the market are all below standard.
Don't try it.

If I have the opportunity to have one million naira, I will get a shop that is not above N300,000 then stock the shop with kitchen utensils, toasting machine, blender, clippers, fine frames, extension socket, pressing iron.

Hmmm

I will advice u go into agriculture, cassava farming to be precise.

Get a land, run the soil test to know the nutritional information of the soil then start.

Start with just 1 hectare.

If u use 0.9m by 0.9m spacing configuration, 12300 heaps can seat on 1 hectare. Cost of 1 heap in my location ( kogi state) is #30. That's #369,000

Get your stem from disease free farm at #500 per bundle,u need 60 bundle for 1 hectare that's #30,000 and the Keke that will bring the stems should be pegged at #7000.. total #37,000

U need 6 litres of glyphosate at pre planting stage and a litre is #4000 that's #20,000

Labour for planting plus their feeding should be pegged at #50,000

For pre emergence herbicide, u need 4 litres of paraquat and 3kg of atrazin at #6000 and #8000 respectively... #48,000

Labour for herbicide application should be pegged at #20,000

Cassava requires 135kg of nitrogen, 40kg of phosphorus and same amount of potasium 8 weeks after planting, so 4 bags of Npk fertilizer at #40,000 per bag... #160,000


Bringing total expenditure to #708,000

If u follow the above Agronomic practices, u can get 2.5kg per heap.

That is 2.5kg * 12,300 heaps which is 30,750kg

1 tin is 1000kg which means u can get 30.75 ton.

A ton is #110,000 in the local market now.

Don't forget u will still inter crop this cassava with sweet maize probably sc510 by seedco which is a 82 days variety.

A cob in my place from road side vendor is #200, and u will sell at wholesale at 5 for #600

Which means from your 12,300 heaps u are sure of 12,300 cobs.

Let's say u got 11,000 big cobs, sell at 5 cobs for #600 means u will get #1,320,000

Cassava inter cropped with maize I just like using 1 stone to kill two birds.

But cassava takes maximum 8 months bfor hervest.

And don't forget, u will engage 1 security to be viewing the farm for u.

.

durentboi:
mumu guy

Suckprick true Mumurist.

If you live in a rural area or has someone that does, that 1m can become 3m less than a month. If you use that money to buy palm oil nuts and process it into oil. It's a local buisness but e dey pay

Crypto

Manjapa:
What business can I use my one million naira for please.
Very urgent

300,000 CFA!, Here for Gabon, na to pay just three months of my shop rent. Three months only! and na just small space

Buy AK47, you can even quadruple your investment if you're hardworking in a day

suckprick:
The same business that gave you the 1m. Abi you be kidnapper?

hahahahaha...chei!....una no serious ooo!...

Good thread.

May God guide you

Esude007:
I will advice u go into agriculture, cassava farming to be precise.

Get a land, run the soil test to know the nutritional information of the soil then start.

Start with just 1 hectare.

If u use 0.9m by 0.9m spacing configuration, 12300 heaps can seat on 1 hectare. Cost of 1 heap in my location ( kogi state) is #30. That's #369,000

Get your stem from disease free farm at #500 per bundle,u need 60 bundle for 1 hectare that's #30,000 and the Keke that will bring the stems should be pegged at #7000.. total #37,000

U need 6 litres of glyphosate at pre planting stage and a litre is #4000 that's #20,000

Labour for planting plus their feeding should be pegged at #50,000

For pre emergence herbicide, u need 4 litres of paraquat and 3kg of atrazin at #6000 and #8000 respectively... #48,000

Labour for herbicide application should be pegged at #20,000

Cassava requires 135kg of nitrogen, 40kg of phosphorus and same amount of potasium 8 weeks after planting, so 4 bags of Npk fertilizer at #40,000 per bag... #160,000


Bringing total expenditure to #708,000

If u follow the above Agronomic practices, u can get 2.5kg per heap.

That is 2.5kg * 12,300 heaps which is 30,750kg

1 tin is 1000kg which means u can get 30.75 ton.

A ton is #110,000 in the local market now.

Don't forget u will still inter crop this cassava with sweet maize probably sc510 by seedco which is a 82 days variety.

A cob in my place from road side vendor is #200, and u will sell at wholesale at 5 for #600

Which means from your 12,300 heaps u are sure of 12,300 cobs.

Let's say u got 11,000 big cobs, sell at 5 cobs for #600 means u will get #1,320,000

Cassava inter cropped with maize I just like using 1 stone to kill two birds.

But cassava takes maximum 8 months bfor hervest.

And don't forget, u will engage 1 security to be viewing the farm for u.

Oga so you will make about 300k in everything ?

These are 10 ideas about business ideas:

1. No one can give you business ideas. A business idea is an innate motivator that drives you to solve a human problem. It is yours alone.

2. A business solves a human problem. It does not fix your problem of being broke, inactive, or unemployed.

3. A business is not for enriching yourself but for enriching your community.

4. If you have not tried a 9 - 5 job or have never been an intern or an apprentice, don't start a business. You will fail. You will learn more about selling skills when you are an employee than when you are a business owner.

5. Most people who ask for business ideas are not ready to own a business. They lack their "WHY" and, therefore, cannot locate the "HOW."

6. If you don't have a vision, you will fail. A business consists of your mission statement, vision, and goals. Thus, your task is to combine the goals, mission, and vision into ONE. This is how you start a business.

7. A business is about being ALONE. You will lose 90% of your friends and you will lack time. Most people think being "a boss of your own" is about flying to Dubai for vacation. A business is about spending 70% of your 24 hours figuring out how to build sustainable systems to solve the problem you are targeting.

8. You don't need capital. A business is not that fancy office and well-displayed products. You only require an idea. The idea is inborn as a result of talent, skills, experience, or an encounter. Then start selling the idea.

9. A business idea is a result of your NAME:

- Nation/Country

- Association

- Media influence

- Environment

10. If you are a weak man who lacks Discipline, Order and Commitment, you will fail even to impress your spirits.

Swallow the RED PILL. Learn from the RED PILL community. Build a powerful masculine frame.

Don't be part of the radical leftists because you will easily demolish what you built.

Don't be soy, effeminate or a mama's boy.

Bonus:

If you want to locate your inherent trigger to discover your vision, do the following

— Fast.

— Practice Semen retention.

— Read finance books.

— Have a proper morning routine.

With this information, do not go around asking others for business.

Ask people for feedback on your idea you have already.

That is your business idea.

Search on telegram and join the channel called "IAJ DAILY" and learn more.

Take this and run with it…


1M can start you a fast moving Gadgets and accessories biz.any business wey Dey fetch you 20 - 30k daily , take am serious like your life depends on it !!!

Its a good business, i call it blood money business..you can actually make 50 - 100% profit on each item you sell.


fast moving products (fast chargers, powerbanks, speakers, smart watches, kiddies tab, usb cords, rechargeable handheld fans, memory cards, earbuds, laptop stands, tripod stands, ringlights..etc)

the list is just too endless....

buy from importers or dealers at wholesale price and retail in bulk, cut down on your expenses, save money daily, be courteous while attending to customers, issue receipts on purchased goods, re invest the profits back into the business and watch it grow !!!
you need to be situated in a very busy location where there is foot traffic.



if you are starting out, you don't necessarily need a shop at the moment, you might just need a showglass in a busy marketplace.

This business can be combined with Phone charging and POS simultaneously...so you are making money on all ends.


to get products, stick with popular brands that are less expensive and have good testimonials such as Oraimo, itel, chupez, tecno, poolee, remax, shplus, New age)…

Have a good speaker in your shop if you plan on getting one, load a memory card with a the latest jams on it and blast it..this will attract customers !!!

The last important update , go online and push your products !!!

2. Enter NYSC camp for that Umunna bendel, rent space , if you sabi wetin you Dey do, within 3 weeks.. e go be like say na juju you do… na where I serve be that. Set up charging point, buy 30 Powerbanks you can rent out (1k) daily… (you go collect 15k as insurance fee Incase dem run with the powerbank).. u gatts reason like street man with Orientation !… still rugged am with your POS (Moniepoint) for hand..you must have cash at all times !!!

Wo, hand Dey pain me… when you done make money come pay tithe abeg 💰

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Get a franchise to open a POLICE STATION or HIGH COURT.

Your return on investment will be massive.

richmond500:
Food business is good if u have time to do it but if you don't, have four different POS stands in a good location and allow people run them for u.

Make dem carry him money run?

Yungmil:
Make dem carry him money run?

this mentality no make sense

"Diversified portfolio is for fools"warren buffet business partner charlie munger to investors.

Invest the money where you get 1m.

A new business requires you learning new things everyday and most people are lazy to learn.

They may say they are not but it's face saving.

Stick to a tried and true business that got you the money provided it's not betting or fraud money.

If it's any of these it'll go the way it came from

Pure water depot

Go into poultry business if u have small space at home, u can start small, buy a day old chicken for 75k a carton(100 chick) and feed them for 1month and resell 3500 each, a bag of fowl feed is less than 20k and u won't spend more than 4 bag for the 100 chick in a month, do the math's it a very lucrative side hustle

Manjapa:
What business can I use my one million naira for please.
Very urgent

Nice trend, others are benefiting as well.

Oil dey your head .. IBTC mutual fund pays me ₦23,000 naira everyday. I invested ₦42m at 20.44% par annum

Onyiridike:
If you don't have a skill in any business, invest the money in money market fund. Go for Stanbic IBTC or FBNQUEST. The return is about 20% per annum. Therefore, you stand to make ₦200,000 annually or ₦16,600 monthly.
This is better than risking your money in the hand of of today's get-rich-quick youths. They will run your money aground. Please, avoid the story that touches.